Microlise Group (LON:SAAS) Trading Down 13.2% – Should You Sell?

Microlise Group plc (LON:SAAS)’s stock price traded down 13.2% during mid-day trading on Friday . The company traded as low as GBX 105 ($1.36) and last traded at GBX 113.77 ($1.48). 129,154 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 101,021 shares. The stock had previously closed at GBX 131 ($1.70).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 210 ($2.72) price objective on shares of Microlise Group in a report on Wednesday, September 25th.

Microlise Group Trading Down 13.2 %

The company has a market capitalization of £131.92 million, a P/E ratio of 11,740.00 and a beta of 0.19. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.08 and a current ratio of 0.91. The company has a 50-day simple moving average of GBX 124.09 and a 200 day simple moving average of GBX 136.77.

Microlise Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be paid a dividend of GBX 0.57 ($0.01) per share. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, October 10th.

Microlise Group Company Profile

Microlise Group plc provides transport management technology solutions. The company offers SaaS platform that digitizes the business processes of enterprise organizations running logistics operations. Its hardware and software technology solutions capture and analyze real-time transport and logistics data events to allow fleet operators to enhance across a range of key performance indicators, including operating efficiency, greenhouse gas emissions, and safety standards.